Pound reverses losses on YouGov study indicating tight UK election (news: 31/05/17)

Today's press

  • The British pound has come under pressure following research by pollster YouGov suggesting a tight race in next week’s general election.

  • Investing.com – The dollar edged higher against other major currencies on Wednesday, helped by growing hopes for a June rate hike in the U.S. and as investors turned their attention to a key U.S. employment report due at the end of the week.

  • The Central Bank of Nigeria (CBN) on Tuesday sustained its intervention in the inter-bank segment of the foreign exchange (forex) market by injecting a total of $482.6 million into the market.

  • Prime Minister Theresa May could lose control of parliament in Britain's June 8 election, according to a projection by polling company YouGov, raising the prospect of political deadlock just as formal Brexit talks begin.

Next trading day's important events

  • 10:55 (GMT+3) Germany – Markit Manufacturing PMI (May)
  • 11:00 (GMT+3) Eurozone – Markit Manufacturing PMI (May)
  • 17:00 (GMT+3) USA – ISM Manufacturing PMI (May)

Forex quotes:

  • USDJPY: 110.55
  • EURUSD: 1.1236


  • S&P 500: 2404.12
  • NASDAQ: 6164.32

Source: Alpari

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